The Jacksonville housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 3.2% in the past month. With 3.4 months of supply, Jacksonville's inventory levels remain relatively tight. Homes are taking about 49 days to sell, which is -12 days longer than this time last year. A significant 23.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Jacksonville market with the affordability index at 121.6. Based on current market indicators, home prices in Jacksonville are projected to increase by approximately 11.1% over the next month.
Jacksonville, AL has a total population of 13,419 residents. The area is predominantly White (66.8%), African American residents comprise 23.7% of the community. The area shows moderate demographic diversity. As a smaller community, Jacksonville, AL offers a close-knit residential environment.
Crime analysis for Jacksonville, AL shows 149 total incidents across all categories. The most prevalent crime type is Assault (56.4% of all incidents). This is followed by Property Crime at 38.3%. The crime rate in Jacksonville, AL is relatively low, with violent crimes being more common than property crimes. This suggests Jacksonville, AL is generally a safe area for residents and visitors.
Market predictions for Jacksonville, AL show an upward trend in home prices, with values increasing by 7.1%. This indicates a moderate but notable price trend. The current median home price in Jacksonville, AL is approximately $264,820.996. Based on current trends, home prices in Jacksonville, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Investment hotspot data for Jacksonville, AL is currently unavailable.
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